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Affiliated Industry Association News

GDPR – More People Will Share Data According to DMA and Acxiom

According to a report by the DMA and Acxiom, learning about the details of the GDPR will lead to a majority of people having greater confidence in sharing data with companies and organizations.  In fact, 62% of the 1,000 respondents said that this was the case. The survey participants were shown new GDPR laws became enforceable on 25th May and were ... Read More »

Transparency at Bay:  Reserve Bank of India (RBI) Declines To Share Copies Of PNB Fraud Inspection Reports

The Reserve Bank of India or RBI has declined to share inspection reports for scam-hit Punjab National Bank or PNB, citing Right To Information clauses that bar disclosure of details which may impede the investigation process or prosecution of offenders among other reasons. Replying to an RTI query, the central bank also said it does not have “specific information” on ... Read More »

Cedar Rose Announces New Website Launch with Smart CR Score Calculator

The new redesign and facelift of the cedar-rose.com website allows visitors to experience a more proficient search and order process. The user experience has been simplified by an estimated 70%. Cedar Rose, which bridges the gap between business intelligence for the Middle East and the rest of the world, announced today the launch of a new CRiS (smart database) wire-frame ... Read More »

Digital Marketing:  Consent Required Said Elizabeth Denham

Speaking at the Direct Marketing Association’s (DMA) conference on 23 February, Information Commissioner, Elizabeth Denham, said that whilst the details of the new EU e-privacy regulation are still being debated, the current draft proposes opt-in as a default for all consumer marketing. “Until the e-privacy regulation comes into force, the Privacy and Electronic Communications Regulations (PECR) will sit alongside the ... Read More »

Yirendai Connects to NIFA’s Internet Finance Industry Credit Information Sharing Platform

Yirendai Ltd., a leading fintech company in China, announced today that it has connected to the Internet Finance Industry Credit Information Sharing Platform (“the Platform”) established by the National Internet Finance Association of China (“NIFA”). The Platform was established to serve as an industry wide credit data sharing database in aims of reducing credit risk, improving the credit environment and ... Read More »

Exhibition Industry Expects Growth in 2018 According to UFI

UFI, the Global Association of the Exhibition Industry, released its latest biannual, Global Barometer Survey, reflecting the state of global trade show industry. The survey revealed that the majority of survey participants anticipate growth in 2018. More than 70% of companies in the Americas, Europe and Asia-Pacific recorded an increase of their revenues in the second half of 2017, while ... Read More »

US Senators Demand Unrealistic Penalties for Data Breaches

Two senators on proposed this week “massive and mandatory” fines for data breaches at Equifax Inc. and other credit reporting companies, starting at $100 for each consumer whose sensitive information is compromised. The bill from Sens. Elizabeth Warren (D-Mass.) and Mark Warner (D-Va.) would add a $50 fine for each additional piece of compromised personally identifiable information for each consumer. ... Read More »

European Banking Authority (EBA) Initiatives on Tackling Non-performing Loans (NPLs)

The EBA has published its tenth report on risks and vulnerabilities of the EU banking sector. The report describes the main developments and trends that have affected the EU banking sector since the end of 2016. From a credit bureau perspective, the report is relevant because it discusses EBA’s ongoing activities to address the issue on NPLs. According to the report: In ... Read More »

Save the Date: 11th World Consumer Credit Reporting Conference

REGISTRATION OPEN FOR THE 11th WORLD CONSUMER REPORTING CONFERENCE IN NEW DELHI We are pleased to announce that registration is open for the 11th World Consumer Credit Reporting Conference to be held in New Delhi, India, from September 23rd to 25th, 2018. The event website is now live at 2018 WCCRC India where you can find all the necessary information to plan your ... Read More »

HELLO SODA JOINS TRUNARRATIVE APP STORE

Hello Soda’s advanced data analytics platform will now be available through TruNarrative – a financial crime platform and decision engine used by banks, alternative finance, lenders, and gaming companies The valuable addition of Hello Soda via the TruNarrative App Store will increase the availability of solutions for TruNarrative users all through a single integration.   Using advanced machine learning and natural ... Read More »

ACCIS 2018 AGM AND ANNUAL CONFERENCE

ACCIS is pleased to announce that the 2018 ACCIS Annual General Meeting and Annual Conference will take place from June 6-8, 2018, in Stockholm, Sweden. UC, Sweden’s leading business and credit reference agency is our Strategic Partner for this event. Our 2018 Annual Conference ‘Making Sense, making choices in the new information world’ will take place days after the coming ... Read More »

Embracing New Technology: More Small Businesses Taking Credit/Debit Payments

Small business owners look like they’re embracing new technologies when it comes to the types of payments their businesses will accept, allowing more in-person credit and debit card payments using point-of-sale terminals. According to the latest Wells Fargo/Gallup Small Business Index conducted in early October, 39% of business owners now accept credit or debit card payment, up from 31% in ... Read More »

P3 Projects in China Rise at Steep Pace

Public-private partnerships (P3s) in China that are used to build up infrastructure, among other projects, have been increasing in number and investment value as more projects are set to be implemented this year, according to a new report by Moody’s Investors Service. “Support from the central government has resulted in positive regulatory developments in China’s Public-Private Partnership (PPP) framework, thereby ... Read More »

Large Banks Pile into Blockchain Trading Platform Project

Large, multinational banks are partnering together to build a new global trade finance platform using Blockchain technology. According to a report in Global Trade Review (GTR), Commerzbank, Bank of Montreal, Erste Group and CaixaBank are joining a project underway by UBS and IBM dubbed Batavia in an expansion of a proof of concept that IBM and UBS launched at Sibos ... Read More »

US Business Climate: Small Business Optimism Takes a Dive

Led by a severe drop in sales expectations across the country, the Index of Small Business Optimism from the National Federation of Independent Business (NFIB) slid from 105.3 to 103 in September. “The temptation is to blame the decline on the hurricanes in Texas and Florida, but that is not consistent with our data,” said NFIB President and CEO Juanita ... Read More »

Asian Development Survey Suggests Fintech, Digitization Still Not Significantly Impacting Trade Finance Gap

Banks and companies in the trade finance sector are increasingly using digital solutions to address companies’ significant and unmet financing needs. Yet the global trade finance gap—estimated at $1.5 trillion, with approximately 40% originating in Asia and the Pacific—persists in a stable state, with emerging economies and small- and mid-size enterprises (SME) bearing the brunt of financing shortfalls. More than ... Read More »

Goodbye Call Centers?

85 percent of customer interactions will be with software robots in 5 years’ time: Study Artificial Intelligence (AI) decision makers say that 85 percent of customer interactions will be with software robots in five years’ time. And most of these decision makers (84 percent) fear they are lagging behind their competitors in the use of AI to improve the customer experience, ... Read More »